Rent-To-Own Homes: A Complete Guide., Insurance Information Institute. Rent-to-own basics: Crediting rent toward a future purchase Also known as a lease-purchase agreement, a rent-to-own contract is an agreement between the tenant and the homeowner stipulating that a portion of the monthly rent is credited toward the future purchase of the property. Requirements, Benefits, and Example, Operating Lease: How It Works and Differs From a Finance Lease, Conveyance: Property Transfer Examples and FAQs, What Is a Mortgage? Rent-to-own homes are homes that include a clause in the rental agreement which either gives you the option to buy or an obligation to buy after a certain time period. Get the latest info on market conditions, price movement, real estate trends, and more. This arrangement begins like any other lease agreement but ends with either the obligation or the option to purchase the home once that portion has expired. 3 Beds, 2 Baths Rent To Own West Valley Single Family Home Boise, ID 83704 1,188 Sqft | Built in 1994 Hot 2 Beds, 1 Bath Rent To Own Single Family Home Caldwell, ID 83605 708 Sqft | Built in 1947 4 Beds, 3 Baths The lease typically includes a smaller down payment and a monthly 'premium' that is allocated toward the price of the house. In some contracts, all or some of the option money you must pay can be applied to the eventual purchase price at closing. According to the EPA, Oklahoma has some of the cleanest air in the country. Large kitchen fitted with appliances and a scullery. Texas isn't the only place in the U.S. where things are bigger. Homeownership out of reach? When you rent-to-own, you enter into an agreement where you commit to renting a property for a predetermined period of time. Events like the Portland Saturday Market, the largest arts-and-crafts fair in the country, brings out residents and tourists alike. Clients Rate Lawyers on our Platform 4.9/5 Stars. Rent to own Homes in West Virginia Check out West Virginia rent to own homes for sale, which may include auction properties, for sale by owner, and more. Marietta City Schools is the district responsible for educating the children of the city. On this stretch of highway, you'll find old-fashioned diners, small town life at its finest, and all sorts of weird and wild attractions. Qualifying for a mortgage is often a headache with steep requirements for your credit, financial record, employment history, and more. Homes in Marietta, Georgia are a mix of older, modest homes and newer construction homes ranging from the mid-sized to grand estates. Working with the right seller can make a rent-to-own experience a positive one and it's helpful to look into the property owner's background before committing. Neighborhood Guide Gainesville is home to some fairly plush neighborhoods, perfect for families looking for a great quality of life and the ability to straddle the excitement of Downtown with the more peaceful and natural wonders beyond the city limits. Investopedia requires writers to use primary sources to support their work. Turn rent payments into home Ownership! to get full property details for our rent to own homes. This means With a lease option contract, you have the option to purchase the home after a time period you and the property owner have agreed upon. You can live in the house for a set amount of Ft. 513 Prospect St, Jamestown, NY 14701. Fargo nd 58102 rent to own homes available in nd. With a median age of 33.7, three years younger than that of Georgia on the whole, Marietta is younger than many of its fellow Georgia cities. The pole barn is not for the. The current population of Marietta, Georgia is just about 61,000. Source: Southeast Florida MLS. For Sale. Rent-to-own contracts can be complicated and it's vital that you understand all the finer details. A lot of homebuyers are nervous to pull the trigger on a large home purchase. Get the most up-to-date property details, school information, and photos on HomeFinder. housing market remains Rent To Own Milwaukee County, WI Rent To Own Homes Veterans: See if you meet the requirements for a $0 down VA Home Loan. Some big names have come from Oklahoma, like platinum artist Garth Brooks, who is from Yukon; tabloid magnet and acclaimed actor Brad Pitt, who hails from Shawnee; and the original tough guy Chuck Norris, who came from Ryan. We let homebuyers move into a home first and then wait up to 3 years before purchasing it. Rent to own contracts can vary significantly and require due diligence on the part of the renter. ", "This was an easy way to find an attorney to help me with a contract quickly. Jean Folger has 15+ years of experience as a financial writer covering real estate, investing, active trading, the economy, and retirement planning. Nearby homes similar to 1021 W 33rd St have recently sold between $300K to $300K at an average of $245 per square foot. Fresh air! It's well worth a look for all the family. The balance of the population is comprised of 16% Hispanic, 3% Asian, and 3% who identify as two or more races. Ft. 855 Date Palm Dr, Lake Park, FL 33403. 2 Beds. The State Fair is amazing! Rocket Lawyer. The relationship between users and ContractsCounsel are not protected as attorney-client privilege or as legal work product. A rent-to-own agreement is a deal in which you commit to renting a property for a specific period of time, with the option of buying it before the lease runs out. Our program is currently available in all major metros in 8 states: AZ, CA, CO, FL, GA, TX, VA, and WA. 3 bedrooms 1 Den, 3 bath, 1 office . Subscribe to be notified via email about new houses from this collection, 2 beds 1 bath 880 sqft Condo for sale, 3 beds 2 baths 2066 sqft House for sale. This property is currently available for sale and was listed by Stellar MLS / MFRMLS on Mar 2, 2023. View more recently sold homes. Can I afford this? It doesn't get any better than here! Close to Chacon Street and close proximity to Carlton Centre as well as High Street. Entering into a rent-to-own agreement typically means signing a formal legal contract. Plenty of opportunity for adventure! As an agricultural state, Idaho has a host of great options available for those working in the ranching and farming industries. The average tax rate as of 2023 for county Please review our Privacy Statement and Terms of Use for additional information. to get full property details for our rent to own homes. Youll pay rent throughout the lease term. Strategically located and ideal for businesses, schools or financial institutions. For over thirty (30) years, Mr. Langley has developed a diverse general business and commercial litigation practice advising clients on day-to-day business and legal matters, as well as handling lawsuits and arbitrations across Texas and in various other states across the country. This price is based on a 2018 valuation from a RICS Valuator. 2 levels with an internal access garage. Friendly tax system! It's the birthplace of big stars! While traditional mortgages require an immediate down payment that locks you into a 15-30 year commitment, ZeroDown gives you a 3-year period to live in a home before you make a down payment. Ordering an independent appraisal, obtaining a property inspection, making sure the property taxes are up to date, and ensuring there are no liens on the property can help you make an informed decision about whether you should buy the home. the national average, which is 0.99%. Boomer Sooner! With roughly 61,000 residents, this small city is known for quaint shops, farm-to-table restaurants and markets, Civil War museums, and beautiful outdoor spaces. the 2023 national average. Prequalify today. Though a small city in size, Marietta is graced with beautiful scenery, historic landmarks, and quite a lot to do. It is usually a process by which the owner of a home allows a renter to build equity without having to make a down payment or secure a mortgage. Its free, fast, and wont impact your credit score. Harcourts Melbourne City, Estate Agents, specialising in sales & leasing of Warehouse, Heritage, Unique - WHU properties in Melbourne's inner city. Get in touch below and we will schedule a time to connect! Prequalify today. This means that the renter can only be the owner of the property when all payments have been made, and can also be evicted if payments are late! 1430 Truxtun Ave, 5th Floor Bakersfield, CA 93301. The natural landscapes are not to be scoffed at either: wonderful parks like San Felasco Hammock Preserve and Paynes Prairie are characterized by lovely rolling hills, beautiful woodland, lakes, prairies and sinkholes that open the doors to a host of fun and exciting activities. The option fee is often negotiable, as theres no standard rate. With ZeroDown, youll have a three-year window where you can enjoy all the benefits of homeownership, with all the flexibility of renting. Also not surprising is the fact that the median household income is only about $30,000 with so many students around. All lawyers are vetted by our team and peer-reviewed by our customers for you to explore before hiring. information and experience. Davis founded DLO in 2010 after nearly a decade of practicing in the corporate department of a larger law firm. Whether youll be responsible for everything or just for mowing the lawn, have the home inspected, order an appraisal, and make sure the property taxes are up to date before signing anything. Don't Neglect These 6 Maintenance Tasks - Or Else, Debunked! Expert legal advice is paramount in ensuring both parties walk away with value. and a median rent of $965, the Gainesville, FL Your situation is unique. If you are experiencing financial difficulty related to COVID-19, programs for renters and homeowners that prevent foreclosure, eviction, and provide mortgage payment relief are available from the federal government, states, municipalities, and private lenders as part of the coronavirus stimulus package. Add to the mix the NBA's Oklahoma City Thunder, one of the top teams in the league, and you've got a sporting paradise on your hands. We'll match the lowest rate, upgrade your bid to a cash offer, and hold your hand every step of the way. Most people own their homes, although a substantial population of renters lives here too. Home Loan. This extra money then becomes your down payment at the end of the lease. The back yard is fenced, level, and has extra storage with a shed. When a rent-to-own contract is made, certain conditions are usually put in the contract that specifies what happens to a tenant who does not pay their rent on time. Can a new employer ask for my last pay stub? Their platform put me in touch with the right lawyers for my industry and the team was as responsive as humanly possible during the whole process. West Virginia Rent to Own Homes Popular West Virginia Counties with Rent to Own Homes Kanawha County Rent to Own Homes Preston County Rent to Own Homes For instance, take time to review: It's essential to perform certain due diligence before buying any home, including rent-to-own properties. I really appreciated the ease of the system and the immediate responses from multiple lawyers! ", "ContractsCounsel suited my needs perfectly, and I really appreciate the work to get me a price that worked with my budget and the scope of work. With some rent-to-own contracts, you may have to maintain the property and pay for repairs. Search Pennsylvania Rent to Own Homes $933 /mo Rent to Own 3 Bd | 2 Bath | 2,082 Sqft View Details $533 /mo Rent to Own 3 Bd | 1 Bath | 1,040 Sqft View Details your neighbors, and your community before making the final purchase. The state has the lowest crime rate in the West, with serious crime being more than 20% lower than the national average. Unfortunately, we don't have a timeline as to when the program will be available again. Eat at the Pig Stand! I ended up finding someone who was a great fit for what I needed. Information deemed reliable but is not guaranteed accurate by My Florida Regional MLS DBA Stellar MLS. 442 Lackland St SW, Palm Bay, FL 32908 is a lot/land. Browse up-to-date, reliable, and comprehensive information on housing markets. 4 bedroom home with lots of BICs, each bedroom has own bathroom. If youre looking for a modern way for your small business to meet legal needs, I cant recommend them enough! This can be problematic for many reasons, especially if you arent able to secure a mortgage. Still, they can be in two, and the landlord retains ownership over the property until the end of the lease agreement. Fibre, ADSL, VDSL, Wireless. The city of Gainesville is best known for being the home of the University of Florida, but it's certainly more than just a campus town. Rent to Own Homes for Sale in Florida Subscribe to be notified via email about new houses from this collection Florida Rent To Own Homes For Sale Showing 1 - 18 of 10K+ Homes tour $638,000 3 beds 3 baths House for sale 1109 FLACH DR, St Johns, FL 32259 #Kitchen Island +2 more Get a Mortgage 3D tour $745,000 4 beds 3 baths House for sale Answers to all of your burning questions on local demographics and communities, nearby schools, amenities, public transport, market trends, homes for sale, and more - so that you can make an informed decision. View more recently sold homes. All Rights Reserved. Earnest money is a deposit made to a seller, often in real estate transactions, that shows the buyer's good faith in a transaction. Prices outside of the state's major urban areas will be highly affordable. Find rent to own homes and . Forbes Magazine has ranked both Oklahoma City and Tulsa as having strong "economic fundamentals" and the state's housing market that has been unusually steady, even during recent turbulent years. Be sure that maintenance and repair requirements are clearly stated in the contract (ask your attorney to explain your responsibilities). Gainesville, FL is seeing rapid growth and Gainesville, FL's' Listing by Century 21 Turner Brokers, (716) 763-7506. We empower homebuyers to move in now and buy later. Renting to own is basically a hybrid approach to buying a home where all or a portion of a lease payment goes to building equity in a home over time. A land lease option is the right but not the obligation for a renter to lengthen her use of a property beyond the term specified in the contract. $300,000 Last Sold Price. Veterans: See if you meet the requirements for a $0 down VA I combine my business experience with my legal expertise, to provide practical advice to my clients. LGBTQ Local Legal Protections. Conversely, if you decide not to buy the houseor are unable to secure financing by the end of the lease termthe option expires and you move out of the home, just as if you were renting any other property. Because we buy homes with strong cash offers, we are able to negotiate the best price when shopping for your new home. We analyze living conditions, demographics, transit options, schools, daycares, things to do, and more in key cities - so that you can make great decisions and live your best life. An example of renting is equipment rental.Renting can be an example of the sharing economy. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of My Florida Regional MLS DBA Stellar MLS. Entry Level Temple Court - Circa 1927. Heres a rundown of what to watch for and how the rent-to-own process works. Tim advises small businesses, entrepreneurs, and start-ups on a wide range of legal matters. The property is owned by the Crown Estate, meaning . Get Details. Choose a home you love, with an agent of your choice. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Gainesville, FL is part Rent Stabilization, Eviction: Definition and How It Works Under the Law, Month-to-Month Tenancy: Pros and Cons of Short Term Renting, Tenancy-at-Will: Definition, How It Works, Protections, and Rules, Holdover Tenant: Definition and Legal Rights. I'll be back for more contract work in the future, as the lawyers they've vetted for these services are top tier.". Check out Oregon rent to own homes for sale, which may include auction properties, for sale by owner, and more. Surrounded by a variety of native plants and flowering trees, the most popular activities at Natural Falls are hiking and camping. The art scene is thriving! The contract should specify the terms of the agreement and whether you're obligated to buy the home or simply have the option to do so. From game designers to pastors, investors and engineers, our members are unlocking home ownership faster than they ever dreamed. It was initially intended to be used by her daughters but its later residents included palace staff, international royals, and later Meghan and Harry. Nightlife When the sun goes down things don't get any less fun or exciting. Visit in July during Oregon Craft Beer Month and experience the best the state has to offer. Showing 1 - 44 of 300 2 Beds, 2 Baths Rent To Own Single Family Home Blanchard, OK 73010 1,320 Sqft | Built in 1983 3 Beds, 1 Bath Rent To Own Single Family Home Broken Arrow, OK 74012 1,050 Sqft | Built in 1970 4 Beds, 4 Baths (Online bio at www.curtmlangley.com). More than 1,3000 homes are currently on the market in Springfield, giving house hunters plenty of homes to consider. Looks like you're new here. He couples his technical knowledge and experience defending clients in front of federal agencies with a broad-based understanding of compliance from an institutional and regulatory perspective. Have your own agent you want us to work with? Check out Oklahoma rent to own homes for sale, which may include auction properties, for sale by owner, and more. If you're not sure what rent to own is, read our detailed blog here. Create an account to save and share your favorite homes and searches. Use our cost of living calculators to assess how much youll need to earn to live comfortably in key cities. Use our cost of living calculators to assess how much youll need to earn to live comfortably in key cities. Rent To Own Homes Fargo. His clients range from side gig sole proprietors to companies recognized by Inc. magazine. If the option money and/or a percentage of the rent goes toward the purchase price, which they often do, you also get to build some equity. There is an alternative, however: arent-to-own agreement, in which you rent a home for a certain amount of time, with the option to buy it before the lease expires. Don't overpay for your next home in Zillow. Home Buyers Reveal: 'What I Wish I Had Known Before Buying My First Home, Selling Your Home? Because legalese can be challenging to decipher, its always a good idea to review the contract with a qualified real estate attorney before signing anything, so you know your rights and exactly what youre getting into. Rent to own homes offer low monthly payments and flexible terms. For listings in Canada, the trademarks REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. With a median household income of over $38,028 We understand that while a lot of people are ready to be homeowners, their finances may need time to catch up. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. This is not always the case with lease-purchase contracts. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Residents pride themselves on being environmentally responsible in their neighborhoods. The median sales price of condominiums is at $171,325. A lot of homebuyers need to wait months, even years before buying a home they know they need. Be sure to order the ribs and foot long curly fries and you'll be telling your friends another reason you love the location of your new rental house in the great state of Oklahoma. The kitchen is spacious and has butcher block counter tops. No problem, just let us know! Regardless of which Pig Stand you choose, what awaits you is some of the most perfectly smoked, mouthwatering barbecue you've ever tasted. Rieumes is a 15th century farmhouse packed with charm and historical detail while also providing all the modern facilities you would want in a home away from home. If you have a lease-option contract and want to buy the property, youll probably need to obtain a mortgage (or other financing) in order to pay the seller in full. Tumble down the rapids on the 215-mile Rogue River, or stick closer to Portland and run the Clackamas and White Salmon Rivers. 1 in the country in 2011. If you don't have a sizable down payment, for instance, or your credit score is too low to qualify for a mortgage, renting a property with the intention to buy it can give you time to save and work on improving your credit rating. Use our cost of living calculators to assess how much you'll need to earn to live comfortably in key cities. 1071 W Sunset Dr, Roscommon, MI 48653 CB Schmidt Houghton Lake NEW - 11 MIN AGO $99,999 2bd 1ba 1,019 sqft 3207 Young Ave, Lansing, MI 48906 Century 21 Affiliated NEW - 13 MIN AGO $172,900 3bd 1ba 950 sqft 9408 Adams Rd, Saint Helen, MI 48656 Karen Hill NEW - 16 MIN AGO $325,000 7bd 6ba 5,500 sqft 214 S Henry St, Bay City, MI 48706 MiRealSource With a rent-to-own property, Over the next 3 years, you can buy the home using the Purchase Credits you've been earning each month. Rent-to-own is also a great alternative way Its important to note that there are different types of rent-to-own contracts, with some being more consumer friendly and flexible than others. Rent the home with a portion of every monthly payment going towards your future downpayment. While rent-to-own agreements have traditionally been geared toward people who cant qualify for conforming loans, theres a second group of candidates who have been largely overlooked by the rent-to-own industry: people who cant get mortgages in pricey, non-conforming loan markets. Local residents enjoy wineries just minutes from their homes! That means you can try out your home before deciding to buy it. Maintaining the property, e.g., mowing the lawn, raking the leaves, and cleaning out the gutters, etc., is very different from replacing a damaged roof or bringing the electrical wiring up to code. standards for conventional home loans. To have the option to buy without the obligation to buy, it needs to be a lease-option contract. Springfield also has 92 homes that are in one of the . Don't miss this opportunity to own a home with 16.31 acres and a pond!! You then have the option to buy the home you are already living in. Post a project Some of that's spilled over into Oklahoma, where they lay claim to a five-story Chihuly sculpture at the Oklahoma Museum of Art, as well as the world's second largest McDonald's. Whether you want to go hiking along the trails of Boise's Greenbelt or relax in the Botanical Gardens and the nearby MK Nature Center in the capital, you'll have plenty of outdoor endeavors to pursue. View listing photos and nearby rent to own homes. From the Swampmaster Gator show and Zoppe Italian Family Circus to the Barrel Racing Clinic and Disney on Ice events, the Oklahoma State Fair is an end of summer tradition that shouldn't be missed. For the most part, it is just what you would find in a regular Explore Sun Valley, the Sawtooth Scenic Byway or Lake Coeur d'Alene for some magnificent mountain and lakeside views. No matter where you live in the state, you can rest easy knowing your lungs are having a good time. . In a rent-to-own contract, you pay a bit more in rent than the fair market value. Check out Oklahoma rent to own homes for sale, which may include auction properties, for sale by owner, and more. This volcanic caldera lake is unrivaled in the United States. Horace, nd 58047 rent to own. Rent To Own Single Family Home Klamath Falls, OR 97603 1,700 Sqft | Built in 1937 2 Beds, 2 Baths Rent To Own Raleigh Hills Single Family Home Portland, OR 97225 1,190 Sqft 3 Beds, 2 Baths Rent To Own Single Family Home Newport, OR 97365 1,372 Sqft | Built in 1925 3 Beds, 2 Baths Rent To Own Single Family Home Dallas, OR 97338 Fort Lauderdale Rent-To-Own Contract Lawyers, Oklahoma City Rent-To-Own Contract Lawyers, Philadelphia Rent-To-Own Contract Lawyers, Salt Lake City Rent-To-Own Contract Lawyers, San Francisco Rent-To-Own Contract Lawyers. Should you decide to buy, the excess money can be applied to the home purchase. Marietta's average rentals go for $1,269 per month, with one-bedroom units averaging $1,110 and two-bedroom units averaging $1,313. Move into your dream home, rent it monthly with built-in savings that accumulate towards an eventual down payment. Idaho has the second-lowest cost of living in the western U.S., a stat that incorporates housing costs, health care, utilities, groceries, transportation, and other services. With some work, it could be a very pleasant, convenient, place to live, with extra income each month! Located right in the center of the city, this space comes complete with a park and gardens. An additional 46 colleges and universities are located within 50 miles of Marietta. Why rent when you can own? It's like a subscription to homeownership. Available Jun 1st, 2023. Imagine telling everyone you know that you bought a rent to own home in the same town that these guys are from! ", Quicken Loans. Nightlife in the city is, as you might expect, eclectic given the city's university ties, with great bars, clubs, live music venues, and comedy shows all offering the young and restless an outlet for their energy. Search the best rent-to-own homes near me on Foreclosure.com using our comprehensive database and find your ideal rent-to-own home today! Rent-to-own agreements typically consist of two parts: astandard lease agreement and an option to buy. Showing 1 - 44 of 300 New 4 Beds, 2 Baths Rent To Own Pine Single Family Home Peoria, AZ 85345 2,006 Sqft | Built in 2017 New 3 Beds, 2.5 Baths Rent To Own Single Family Home Laveen, AZ 85339 1,897 Sqft | Built in 2016 1 of 22 A lease option is an agreement that gives a renter the choice to purchase the rented property during or at the end of the rental period. Get the latest info on market conditions, price movement, real estate trends, and more. We're talking about Van's Pig Stand. All rights reserved. Be sure to stop and see the Old Round Barn in Arcadia or the Blue Whale water slide in Catoosa. Types, How They Work, and Examples, Earnest Money: What It Is and How Much It Is in Real Estate. Either check into one of the resorts like the Timberline Lodge or check out local house rentals for a more budget-friendly extended stay. Lease Definition and Complete Guide to Renting, 10 Reasons Why Renting Could Be Better Than Buying. If youre interested in the ZeroDown lease-to-own program, but dont see your state above, keep in touch! Even if areal estate agentassists with the process, its essential to consulta qualified real estate attorney who can clarify the contract and your rights before you sign anything. Even if you arent mortgage-ready today, you may be eligible to qualify for ZeroDowns rent-to-own program. for a rental property. In some cases, you and the seller will agree on a purchase price when the contract is signed, often at a higher price than thecurrent market value. What Is a Lease Option? Why do attorneys keep turning me down for my case? 2 in the country in the number of microbreweries. Conveyance is the act of transferring ownership of a piece of property from one party to another. Because sellers are ultimately responsible for any homeowner association fees, taxes, and insurance (its still their house, after all), they typically choose to cover these costs. Under some contracts, you lose this right if you are late on just one rent payment or if you fail to notify the seller in writing of your intent to buy. State of Texas - questions regarding an online business (Nanny Placement Agency) in the Houston area. Essentially, the landlord or rent-to-own company will rent out a house to you similar to how a landlord would with an apartment. $72,000 Last Sold Price. when purchasing a home whether through rent to own or a traditional The dining area leads into a large bar and from there into a lounge. Oregon's bounty is its natural beauty, which includes blue lakes, sparkling rivers, and residents who are dedicated to keeping it that way. The state of Oklahoma has a long, rich history of producing great sports teams. Housing Statistics The population of the city is only about 125,000, with a youthful median age of about 25, which isn't surprising for a college town. Lease-option contracts give you theright to buy the home when the lease expires, while lease-purchase contracts require you to buy it. With a vibrant downtown, great outdoor activities, excellent dining options, interesting museums and a youthful nightlife, the city is an interesting mix of excitement and tranquility. I have extensive experience in negotiating real estate, business contracts, and loan agreements. These agreements give you the chance to get your finances in order, improve your credit score, and save money for a down payment while locking in the house youd like to own. See the most up-to-date listings Single-Family Home $1,650 3 bed 1 bath 1,366 sqft 5,663 sqft lot 1051 Littleport Ln Channelview, TX 77530 New Construction Apartment $1,400 Studio 38-08 Union St. Find out if rent-to-own is available where youre looking to move. A farmers market is offered several days per month, and boutiques and shops lined the surrounding streets for wonderful days of shopping. The rent-to-own program involves entering an agreement between you and your landlord or rent-to-own company.